Digital wallet

I've recently been tracking some of the key themes that are being aired by the media when taking about digital wallets. If it shows one thing above all else ...

Crypto might be the wild west for now, but there’s a tremendous investment in the ecosystem, and these issues now should prompt change at the individual, corporate and likely the regulatory level to dramatically improve the landscape in the long run. Crypto has to live somewhere, and the wallet (custodial, non-custodial, or cold storage) is it. If you are a fraudster, either on a corporate level, or just trying to part people from their money, you'll use all the tools at your disposal. These generations have no fear of using digital wallets and will spread their love across a number of different providers. As for Gen Z, they are only slightly behind, with 57% of them using a wallet in 2021, compared to 50% in 2020. What we can say with confidence of course, is that the market is rapidly growing. But the older generations are not being left behind. The more of this the better. Take a new report from ABI Research which says that over the next five years the number of mobile digital wallets will almost double. It's reckoned that 65% of some millennials used a digital wallet in 2021. Yet, sometimes weirdly, the digital wallet is placed center-stage as the evil villain, complicit with the latest swindler transferring x number of billions from one wallet to the next. But you do need to hold the manufacturer accountable if they didn’t make efforts to secure the car in the first place.